NIO (NYSE:NIO) Shares Down 4.3% - Here's What Happened

Key Points

• NIO shares fell 4.3% intraday, trading as low as $6.68 and last at $6.8550 on volume of ~65.5 million shares (about 10% above average).
• Analysts are mixed: MarketBeat shows an average rating of "Hold" with an average price target of $6.75 (4 Buys, 7 Holds, 2 Sells), although UBS and JPMorgan recently upgraded the stock and raised targets to $8.50 and $8.00 respectively.
• NIO's most recent quarter showed an EPS miss of ($0.32) vs. ($0.30) expected and revenue of $2.65 billion, with negative net margins and a market capitalization around $14.3 billion.

NIO Inc. (NYSE:NIO - Get Free Report)'s share price fell 4.3% during mid-day trading on Friday . The company traded as low as $6.68 and last traded at $6.8550. 65,546,572 shares traded hands during trading, an increase of 10% from the average session volume of 59,670,500 shares. The stock had previously closed at $7.16.

Analyst Ratings Changes

NIO has been the subject of several recent analyst reports. Weiss Ratings reissued a "sell (e+)" rating on shares of NIO in a report on Wednesday, October 8th. UBS Group raised shares of NIO from a "neutral" rating to a "buy" rating and upped their price target for the stock from $6.20 to $8.50 in a research report on Tuesday, September 16th. JPMorgan Chase & Co. upgraded shares of NIO from a "neutral" rating to an "overweight" rating and increased their price target for the company from $4.80 to $8.00 in a research note on Tuesday, August 26th. Mizuho lifted their price objective on shares of NIO from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Tuesday, September 23rd. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $7.00 price objective on shares of NIO in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, NIO presently has an average rating of "Hold" and an average price target of $6.75.

NIO Price Performance

The stock has a market capitalization of $14.31 billion, a P/E ratio of -4.28 and a beta of 1.46. The stock's 50-day simple moving average is $6.96 and its 200 day simple moving average is $5.15.

NIO (NYSE:NIO - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.02). The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $20.07 billion. NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.The business's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($2.21) EPS. NIO has set its Q3 2025 guidance at EPS. As a group, analysts expect that NIO Inc. will post -1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NIO

Institutional investors have recently made changes to their positions in the company. Trilogy Capital Inc. boosted its position in shares of NIO by 1,307.5% in the first quarter. Trilogy Capital Inc. now owns 144,356 shares of the company's stock valued at $550,000 after acquiring an additional 134,100 shares during the period. Ping Capital Management Inc. bought a new position in NIO during the first quarter worth about $305,000. Kingstone Capital Partners Texas LLC bought a new position in NIO during the second quarter worth about $12,315,000. Hsbc Holdings PLC raised its stake in NIO by 96.6% in the 1st quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock worth $3,964,000 after purchasing an additional 510,610 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in NIO by 18.0% in the 1st quarter. American Century Companies Inc. now owns 702,772 shares of the company's stock valued at $2,678,000 after purchasing an additional 107,239 shares during the period. Institutional investors own 48.55% of the company's stock.

About NIO

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.

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